International Bank For Reconstruction And Development

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The World Bank was originally established in 1944 by 28 countries as the International Bank for Reconstruction and Development with the aim of assisting and financing public development projects. In 2015 the World Bank Group is an umbrella organization of five parts with 187 member countries. While the Bank remains the largest such institution in operation, there are now so many other similar institutions that there are four subcategories to describe them: Multilateral Development Banks (used to describe the World Bank), Multilateral Financial Institutions, Sub-Regional Banks, and Aid Coordination Groups. Partners (World Bank, 2016) The World Bank provides governments, based solely on economic rather than political considerations, with…show more content…
For example, the Niger Basin Water Resources Development and Sustainable Ecosystems Management Program (APL2A), for which the World Bank is providing $55.2M of the $259.53M total is described as follows:

Sectors

Large Hydropower

80%

Public administration- Water, sanitation and flood protection

8%

Irrigation and drainage

5%

Other social services

5%

Agricultural extension and research

2%

Themes

Water resource management

30%

Regional integration

30%

Rural services and infrastructure

20%

Municipal governance and institution building

10%

Social Inclusion

10%

(World Bank, 2016)

A main part of this project is the construction of the Kandadji Dam on the Niger River, which will require the involuntary displacement of people living in the dam 's footprint. Dam construction has been delayed but investment in the area and services for the local population are already shrinking, making it harder for the local affected population to maintain their standard of living. But as dam construction has not yet started many residents are not entitled to any assistance or relocation. This reveals the early stages of two problem areas, lack of understanding of the second and third order effects projects will have on the local area and lack of follow through on the World Bank’s own policy standards about minimizing the harm for people affected by the projects it supports.

A more complete example of a World Bank project with
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